North Carolina S51 implements group capital calculation and liquidity stress test requirements for insurance holding company systems.
North Carolina S51 amends the state's insurance laws to implement group capital calculation and liquidity stress test requirements for insurance holding company systems. The bill mandates that the ultimate controlling person of every insurer subject to registration must file an annual group capital calculation report with the lead state commissioner. Exemptions from this requirement are allowed under certain conditions, such as when the insurance holding company system has annual direct written and unaffiliated assumed premiums below a specified threshold.
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- Legal Framework
- Critical Issues
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